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Showing 561 - 570 of 12165 results for "May"

AMP actions impacted 'hundreds of thousands' of customers: Shine

ELIZA BAVIN  |  FRIDAY, 4 JUL 2025
... between June 2019 and April 2024. Shine Lawyers is encouraging affected members to register their interest, adding that many may not even be aware that their superannuation savings were eroded due to excessive insurance fees. "This class action is about ...

ASIC targets advisers, platforms, research houses in super switching scams

KARREN VERGARA  |  THURSDAY, 3 JUL 2025
... benefit of the consumer while we continue our investigative work," Court said. It is estimated that more than $480 million may have been invested in the Shield Master Fund from about 6000 investors. About 600 retail investors invested $160 million into ...

Lack of confidence in US equities brings investors back home

MATTHEW WAI  |  THURSDAY, 3 JUL 2025
... of active online investors were up 2% compared to the previous half, from 1.33 million in November 2024 to 1.36 million in May 2025, largely driven by those seeking to "buy the dip". New investor participation has, however, slowed to a post-COVID low ...

ASIC places travel restriction on First Guardian RE directors

ELIZA BAVIN  |  WEDNESDAY, 2 JUL 2025
... been listed for a case management hearing on 22 July 2025. The fresh orders come after proceedings have been continuing since May 2024, when First Guardian suspended the processing of applications and withdrawals from the fund subject to some limited ...

Potential Insignia takeover edges closer

ELIZA BAVIN  |  TUESDAY, 1 JUL 2025
A final takeover offer for Insignia Financial may come within the next two weeks as CC Capital Partners "continues to actively work towards" making a binding bid for the wealth manager. Insignia confirmed CC Capital is finalising financing and investment ...

RBA powers deemed 'last resort' for critical financial infrastructure fallout

MATTHEW WAI  |  TUESDAY, 1 JUL 2025
... communicative in an "open and timely way" with the resolution objective. Once the CS facility can operate sustainably, the RBA may exit from the resolution process with no formal declaration required. Further, the RBA's involvement will follow several ...

MLC AM delivers real returns for members in FY25

KARREN VERGARA  |  MONDAY, 30 JUN 2025
... real returns for members, according to its investments chief. MLC's High Growth Option returned 10.6% p.a. at the end of May and will likely hit 11% p.a. once the 2025 financial year books close. The Balanced or MySuper options are set to return ...

SMSFs' risk appetite to change under Division 296: Wilson

MATTHEW WAI  |  MONDAY, 30 JUN 2025
... income-generating assets." SMSFs account for high ownership percentages of start-ups and unlisted companies and this behavioural shift may see the reduction of the $1.1 trillion pool of capital held in SMSFs. "The potential pool of companies to be impacted ...

Brite Advisors auditor admits failures, surrenders registration

ANDREW MCKEAN  |  FRIDAY, 27 JUN 2025
... licence of Brite Advisors after it failed to pay a compensation order upheld by the Australian Financial Complaints Authority in May. This led to a payout from the Compensation Scheme of Last Resort. Brite Advisors entered court-ordered liquidation in ...

Australian Ethical drops fees

ELIZA BAVIN  |  FRIDAY, 27 JUN 2025
... members, and we remain committed to providing appropriate levels of Default Cover along with the built-in flexibility you may need to tailor your own insurance arrangements, at a reasonable cost." Changes to the standard age-based Default Cover means ...